Invesco DB Oil Fund (NYSEARCA:DBO) Stock Price Down 1.3% – Should You Sell?

Invesco DB Oil Fund (NYSEARCA:DBO) shares traded down 1.3% on Tuesday . The company traded as low as $12.72 and last traded at $12.79. 115,848 shares were traded during mid-day trading, a decline of 69% from the average session volume of 375,616 shares. The stock had previously closed at $12.96.

Invesco DB Oil Fund Stock Performance

The company has a 50-day simple moving average of $13.04 and a 200-day simple moving average of $13.34. The company has a market cap of $214.23 million, a price-to-earnings ratio of 2.38 and a beta of 0.43.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in shares of Invesco DB Oil Fund during the 3rd quarter worth $28,000. Quent Capital LLC acquired a new stake in shares of Invesco DB Oil Fund in the third quarter valued at about $43,000. McIlrath & Eck LLC purchased a new stake in Invesco DB Oil Fund during the third quarter worth about $43,000. AE Wealth Management LLC acquired a new position in Invesco DB Oil Fund during the third quarter worth about $70,000. Finally, Cadence Wealth Management LLC purchased a new position in Invesco DB Oil Fund in the second quarter valued at about $142,000.

About Invesco DB Oil Fund

PowerShares DB Oil Fund (the Fund) is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust). The Fund is a based on the DBIQ Optimum Yield Crude Oil Index Excess Return (the Index). The Fund seeks to track the changes, whether positive or negative, in the level of the DBIQ Optimum Yield Crude Oil Index Excess Return (the Index) over time, plus the excess, if any, of the Fund’s interest income from its holdings of United States Treasury Obligations and other high credit quality short-term fixed income securities over the expenses of the Fund.